Participated · Series C · Jul 2026

Founded in 2019 in San Sebastián, Multiverse Computing builds AI solutions inspired by quantum computing techniques—notably tensor-network approaches—to compress large language models and produce energy-efficient AI. The company says its technology can reduce model size and energy use by up to 95%, deliver 4x–12x faster inference, and cut costs by 50%–80%, enabling deployment on constrained devices like smartphones, laptops and satellites. Multiverse has launched a new generation of optimized models, including an open-source model and a family of compressed models designed for resource-limited environments. It has formed strategic partnerships with firms such as Cohere, Axelera AI, Plain Concepts, Inetum, EY and PwC to accelerate adoption in finance, energy, logistics, space, health and defense. Financially, Multiverse closed a €189M Series B in June 2025 (led by Bullhound Capital and including SETT and other investors) and is currently finalizing a larger round that could total €500M, backed in part by a €107M SETT commitment.

Led · Equity · Mar 2026

ONCOMATRYX has developed a proprietary Antibody-Drug Conjugate (ADC) platform focused on targeting Cancer-Associated Fibroblasts (CAFs) in the microenvironment of metastatic solid tumors. The company uses AI tools and Quantum Computing to assist in ADC design and candidate selection and employs proprietary payloads, dual payload strategies, and conjugation chemistry within its ADC+ platform. Its lead candidate, OMTX705, is undergoing clinical development (Phase Ib-II) with results planned for presentation at major oncology conferences in 2026, and OMTX105 is being prepared for clinical entry. ONCOMATRYX conducts collaborations with universities, hospitals and research centers in the US and Europe and is developing an ADC Fill & Finish facility in San Sebastián. The company recently raised $67 million from a mix of public and private investors to advance its clinical programs and expand its pipeline.

Participated · Equity · Nov 2016

SATLANTIS builds multispectral infrared satellite technology to capture and measure greenhouse gas emissions, notably high-precision methane detection. The company is developing a GEI-SAT satellite for Enagás and offers satellite-based monitoring services via microsatellite systems. SATLANTIS has completed six space missions and claims world-leading optical space observation technology. A US subsidiary exists to support growth in the North American market and the company plans to develop new products and services for that market. The latest financing round brought new international investment to accelerate emissions-monitoring services and support the energy transition. Sean O'Keefe was appointed President of SATLANTIS LLC as part of the company’s U.S. leadership and partnership effort. Satlantis develops extreme miniaturisation camera technology and environmental satellites for Earth observation, with projects endorsed by Copernicus and the European Space Agency. The company led the OPTISSE project for European Defence, heading a six‑company consortium and demonstrating feasibility of 50cm resolution with its miniaturised cameras. It is building a new environmental satellite covering the visible, shortwave and mid‑wave infrared spectrum to detect methane emissions. That methane‑detection satellite is scheduled for launch in June 2023 and aligns with upcoming European regulation on methane for the Oil & Gas sector. Satlantis plans to use recent financing to pursue internationalisation to the US, the UK, Central Asia and the United Arab Emirates and to shorten industry lead times by offering satellite solutions in months rather than years. The company also received a rating of excellence from the European Commission, which awarded a follow‑on project to focus OPTISSE results on maritime monitoring. Satlantis develops satellite sensors and solutions focused on environmental monitoring, including methane detection, marine plastic identification and fire detection. The company says its methane measurement capability reaches very high precision (5 meters), a resolution it describes as previously unattained. Leadership includes Jean‑Jacques Dordain, former director general of the European Space Agency. Satlantis employs about 45 engineers and positions itself to serve customers across the value chain, including Copernicus, ESA missions and the oil & gas sector. With the new funding the company plans to launch SATLANTIS International to develop activity in the USA, UK and the United Arab Emirates. Satlantis develops high-resolution imaging cameras that integrate into nanosatellites to capture real-time images of the Earth’s surface. The company was founded in 2014 and counts former minister Cristina Garmendia among its founders. Satlantis is focused on qualifying its cameras for space launch and standardizing devices to enable series manufacturing. It operates in the industrial automation/robotics sector with R&D and manufacturing plans centered in Bilbao, Basque Country. In March 2016 the company closed a €2.35M venture-capital round intended to support product development and a new factory in Bilbao. The round involved strategic and institutional investors collaborating to back the company’s next development phase.